US Federal Reserve officials dialled back their expectations for interest-rate cuts this year, though chair Jerome Powell kept the door open for more as he emphasised the new forecasts represented a conservative approach.
Quoteworthy: "So many companies are playing games and trying to take advantage of investors, so we need short sellers more than ever." –— Jim Chanos, president and founder of Kynikos Associates, known for short-selling
Fed signals one rate cut this year but keeps door open to two
